This public procurement record has 1 release in its history.

Tender

17 Jun 2022 at 13:12

Summary of the contracting process

The public procurement process involves Jobs & Business Glasgow seeking tenders for insurance services under the title "Insurance Cover." The procurement falls within the services category, primarily dealing with asset and activity coverage for the organisation and its subsidiaries. The procurement process is currently at the active tender stage, with submissions due by 18th July 2022. The preferred contract period is three years, with an option to extend for an additional year, and the minimum requirement includes electronic submissions through the designated platform.

This tender presents significant opportunities for growth, particularly for businesses specialising in insurance services, including but not limited to liability, property, and professional indemnity insurance. Companies that meet the stringent criteria of being FCA-regulated insurers with solid credit ratings will be well positioned to compete. The competitive procedure invites multiple suppliers, fostering a dynamic environment for insurers looking to expand their portfolio within the Glasgow area.

How relevant is this notice?

Notice Title

Insurance Cover

Notice Description

Jobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered.

Lot Information

Excess Layer

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Management Liability

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Engineering Inspection

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Material Damage and Business Interruption

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Casualty including Employers and Public/Products Liability

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Professional Indemnity

As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).

Renewal: Option to extend for up to 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0347c8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016675-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jun 20224 years ago
Submission Deadline
18 Jul 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Approximately 3-4 months before the end of this contract (including any applicable extension).

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
Jobs & Business Glasgow
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G4 0UW
Postcode Area
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Calton
Westminster Constituency
Glasgow North East

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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